Risks relating to securing properties and the profitability and operations of new stores
First written in FY2018. 8 of 15 entries say "Restated". Latest entry: FY2026.
Kyowa moved to the "Worse" side of this theme in 2020, the same year as the typical company in this theme.
The whole theme swung hardest in 2018: 7 of 33 companies on the "Worse" side.
26 other companies' latest entry also says "Restated".
- FY2026RestatedAnnual report
「However, if the group is unable to secure properties that meet its standards and therefore cannot expand its store network as planned, or if it opens stores but cannot operate them as planned, this may affect its business and operating results.」
The risk that property acquisition and store operations after opening may not proceed as planned remains. - FY2025RestatedAnnual report
「When selecting the format and location of new stores, the Company primarily considers leased premises, conducts advance site surveys covering the population in the trade area and the status of competing stores, and makes a comprehensive decision after assessing profitability, including the investment payback period and profit forecasts.」
It describes decisions on new store openings based primarily on leased premises and surveys of the trade area, competitors, investment payback periods and profit forecasts, while the risks relating to securing properties and post-opening operations remain. - FY2025-H1RestatedAnnual report
「During the interim consolidated accounting period, there were no new major risks or significant changes to the business risks described in the annual securities report that management recognized as potentially having a material effect on the financial position, operating results, or cash flows of the consolidated companies, among the matters concerning business conditions and financial matters described in this Semiannual Report.」
It states that there have been no material changes in the risks associated with securing properties and the profitability and operation of new stores. - FY2024-Q3RestatedAnnual report
「During the cumulative third quarter under review, there were no significant changes in the matters described in this quarterly report regarding the business and accounting conditions that management recognizes could materially affect the financial position, operating results and cash flows of the consolidated companies, or in the “Business and Other Risks” described in the securities report for the previous fiscal year.」
It states that there have been no material changes in the risks associated with securing properties and the profitability and operation of new stores. - FY2022MaterialisedAnnual report
「While opening 4 stores, the company closed 3 stores due to lease expirations and other factors, leaving 56 stores as of the end of March 2022.」
The closure of 3 stores due to contract expirations and other factors brought the risks relating to profitability and operations after store openings and contract renewals to the surface in the form of store closures. - FY2021MaterialisedAnnual report
「In May 2020, we opened 「アピナキッズパーク大津京店」 and in October 2020, 「アピナ各務原店」, for a total of 2 new stores. We also closed 6 stores, bringing the total number of facilities to 55.」
While proceeding with new store openings, the Company has closed 6 stores, and the risk relating to store profitability and operations materialized in the form of additional store closures. - FY2021-Q2MaterialisedAnnual report
「In May 2020, we opened 「アピナ キッズパーク大津京」 and closed 4 unprofitable stores, bringing the total number of stores to 56.」
The closure of 4 unprofitable stores brought the risk relating to the profitability and operation of new stores to the surface in the form of additional store closures. - FY2021-Q1MaterialisedAnnual report
「In May 2020, we opened 「アピナ キッズパーク大津京店」 and closed 3 unprofitable stores, bringing the total number of stores to 57.」
While opening new stores, the Company closed 3 unprofitable stores, and the risk relating to store profitability and operations materialized in the form of additional closures. - FY2020MaterialisedAnnual report
「In April 2019, we opened 「アピナ草加店」, 「アピナ幸手店」, 「アピナＳ武蔵小山店」, 「キッズスクエア上溝店」 and 「キッズスクエア松戸」; in May, 「アピナ荻窪店」; in August, 「アピナ印西店」; and in October, 「アピナ市原店」, for a total of 8 new stores. We also closed 2 stores, bringing the total number of facilities to 59.」
While proceeding with new store openings, the Company has closed 2 stores, and the risk relating to store profitability and operations materialized in the form of additional closures. - FY2020-Q3MaterialisedAnnual report
「In April 2019, we opened 「アピナ草加店」, 「アピナ幸手店」, 「アピナＳ武蔵小山店」, 「キッズスクエア上溝店」 and 「キッズスクエア松戸」; in May, 「アピナ荻窪店」; in August, 「アピナ印西店」; and in October, 「アピナ市原店」, for a total of 8 new stores. We also closed 1 unprofitable store, bringing the total number of facilities to 60.」
The risk relating to the profitability and operation of new stores materialized in the form of the closure of 1 unprofitable store. - FY2019RestatedAnnual report
「If the Company is unable to secure properties that meet its standards and therefore cannot expand its store network as planned, or if it opens stores but cannot operate them as planned, this may affect its business and operating results.」
The risk that property acquisition and profitability and operations after store openings may not proceed as planned is reiterated. - FY2019-Q3RestatedAnnual report
「During the cumulative third quarter under review, there were no significant changes in the matters described in this quarterly report regarding the business and accounting conditions that could materially affect investors’ decisions, or in the “Business and Other Risks” described in the securities report for the previous fiscal year.」
It states that there have been no material changes in the risks associated with securing properties and the profitability and operation of new stores. - FY2019-Q2RestatedAnnual report
「During the cumulative second quarter under review, there were no significant changes in the matters described in this quarterly report regarding the business and accounting conditions that could materially affect investors’ decisions, or in the “Business and Other Risks” described in the securities report for the previous fiscal year.」
It states that there have been no material changes in the risks associated with securing properties and the profitability and operation of new stores. - FY2019-Q1RestatedAnnual report
「During the first quarter of the current consolidated cumulative period, there were no occurrences of matters that could materially affect investors’ investment decisions among the matters relating to the business and financial position described in this quarterly report, nor were there any material changes to the “Business and Other Risks” described in the annual securities report for the previous fiscal year.」
The Company states that there have been no material changes in the business and other risks. - FY2018First statedAnnual report
「If the group is unable to secure properties that meet its standards and therefore cannot expand its store network as planned, or if it opens stores but cannot operate them as planned, this may affect the group's business and operating results.」
This indicates the possibility that property acquisition and operations after store openings may not proceed as planned.